Cost of goods sold-administrative and selling expenses

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Reference no: EM131303495

During 2007 B Paving Co. had sales of $3,100,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,940,000, $475,000, and $530,000, respectively. In addition, the company had an interest expense of $210,000 and a tax rate of 35%. (Ignore any tax loss carryback or carryforward provisions).

a) What is B Pavings’ net income for 2007

b) What is its operating cash flow?

c) Explain your results in a) and b)

Reference no: EM131303495

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